Reuters

US Futures, Global Shares, Dollar All Jump On Brexit, Basel News, Averted US Shutdown; Payrolls Loom

U.S. equity index futures have bounced on the last day of the week, along with European and Asian shares, oil and the dollar following overnight news that the UK and EU have reached a successful conclusion on Phase 1 of Brexit negotiations, that Congress has punted on the government shutdown for another 2 weeks until December 22, and ahead of the November nonfarm payrolls data.

Time For Détente With North Korea

While the military and political environments on the Korean Peninsula have evolved, American policy towards the North has not changed since 1991...

Expect Desperate, Insane Behavior From Government In 2018 - Part 3

"Government propagandists constantly instruct the public that they need to be fearful of their neighbors or some guy in a cave overseas (who they probably funded in the first place), when they themselves tend to be the most unethical, corrupt thieves of all. It’s a very clever scam..."

Frontrunning: December 7

  • Hamas calls for Palestinian uprising (Reuters)
  • Arabs, Europe, U.N. reject Trump's recognition of Jerusalem as Israeli capital (Reuters)
  • Trump Jr. Refuses to Discuss Father-Son Talk With Investigators (WSJ)
  • L.A. Fires Halt Filming, Menace Crops, Send Edison Plunging  (BBG)
  • North Korea says U.S. threats make war unavoidable as China urges calm (Reuters)

GE Slashes 12,000 Jobs In Troubled Global Power Business

A day after labor unions warned that General Electric was planning thousands of job cuts in its troubled power-generation unit, GE confirmed that it’s planning to cut 12,000 jobs globally in its power business as the company’s new leadership tries to revive the company’s moribund stock price...

China Commodity Carnage Continued Overnight As Brexit Fears & Bitcoin Cheers Dominate

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that stood out (as a hike in exchange fees snuffed out a lot of speculative fervor). However, the surge in Bitcoin (over $15k) and Brexit anxiety (cable vols highest since general election) was most notable.